OMV Petrom is the largest integrated energy producer in Southeastern Europe and active along the energy value chain: from exploration and production of oil and gas, to refining and fuels distribution and further on to power generation and marketing of gas and power. We provide the energy needed for day-to-day modern life: fuels for mobility, energy for light and heat. Find out more.
~42 BN EURO
Taxes & dividents 2005-2023
~18 BN EURO
The Group is the largest private investor in Romania, one of the biggest taxpayers and a major private employer in the country. Between 2005-2023, the Company paid around 42 billion euro to the state budget in taxes and dividends and invested approximately 18 billion euro. Since 2007 until 2023, OMV Petrom has included corporate responsibility principles into its business strategy. During this period, the Company has allocated 160 million euro to develop communities in Romania, focusing on environmental protection, education, health and local development.
Information on our State Budget contributions for the latest reported period can be consulted here.
OMV Petrom’s ambition is to lead the energy transition in South-East Europe, capitalizing on emerging markets opportunities, while delivering value for all its stakeholders. The Company’s vision for future growth and transformation is underpinned by a strong capital discipline, allowing for ambitious investments and highly competitive dividends. Find out more.
Romania has over 160 years of history in crude oil production & refining. It was among the first producing countries and one of the largest oil producers in the world at the beginning of the 20th century. Currently, after more than a century of production, most of the fields have matured and the country’s oil production is 15-20 times lower compared to Europe’s largest producers (Norway, UK). However, recent gas discoveries in deep waters of the Black Sea indicate great potential. Find out more.